Self Storage Performance Quarterly Q4 2019

Self Storage Performance Quarterly

SSDS CONCESSION INDEX

Self Storge Concession Index

125

120

115

104.1

110

105

Index

100

95

90

85

80

Base: 4th Quarter 2003 = 100

Trends in Ten Most Popular Concessions

PERCENT OF FACILITIES OFFERING EACH TYPE

Absolute Change (%)

Type of Rent Concession

4Q18 1Q19 2Q19 3Q19 4Q19

Quarterly Seasonal Annual

Various Specials

23.62% 22.29% 18.86% 25.42% 29.87% 4.45% 6.25% 1.56%

$1.00 Move-In

5.50% 6.50% 9.36% 6.89% 6.62% -0.27% 1.12% 0.28%

1st Month Free

3.59% 4.36% 6.22% 5.72% 6.17% 0.45% 2.58% 0.65%

1/2 Off 1st Month

6.00% 3.62% 4.50% 4.99% 2.92% -2.07% -3.08% -0.77%

1 Month Free

4.42% 6.16% 5.62% 2.03% 2.31% 0.28% -2.11% -0.53%

1 Month Free w/ One-way

2.66% 3.24% 2.79% 2.32% 1.60% -0.72% -1.06% -0.27%

1/2 Off 1st 2 Months

0.89% 1.19% 1.28% 1.16% 1.38% 0.22% 0.49% 0.12%

1/2 Month Free

0.42% 0.30% 0.14% 0.06% 1.21% 0.09% 0.43% 0.11%

1/2 Off 1st 3 Months

0.48% 0.76% 0.79% 1.38% 1.13% -0.25% 0.65% 0.16%

Move-In Specials

0.96% 0.97% 1.16% 0.95% 0.90% -0.05% -0.06% -0.01%

Other Concessions

2.91% 2.44% 2.63% 2.48% 2.66% 0.18% -0.25% -0.06%

None

48.55% 48.17% 46.65% 46.60% 43.23% -3.37% -5.32% -1.33%

Total

100.0% 100.0% 100.0% 100.0% 100.00%

Source: Cushman & Wakefield, Inc. The Self Storage Performance Quarterly , a publication of Cushman & Wakefield, Inc., is intended solely for use by paid subscribers. Reproduction or distribution in whole or part without written permission is prohibited and subject to legal action. Copyright® 2020.

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